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To: yard_man who wrote (20509)2/19/1999 10:37:00 AM
From: Defrocked  Respond to of 86076
 
Printing money alone will not solve overcapacity
problems. It will have to be taken off-line and
written down. That's why cleaning up the Japanese
bank balance sheets is so important.

If I were too put on a equity index spread here,
I would favor the DJIA over the NDX. Time for the
cyclicals to catch up under my assumptions.
No BK, as much as I like a bear market, not yet IMHO.


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